BEA Systemssaid on Thursday it was ready to discuss a sale of the company at a price of $21 per share, setting a deal value of about $8.2 billion, far above an offer from Oracle.
Shares in BEA, which sells programs that help connect business computer systems, rose as much as 2.6 percent in early trading on hopes it could secure a deal with Oracle or another company. But the gains grew more muted after at least one potential suitor said it was not interested in the company.
BEA had already rejected Oracle's unsolicited offer of $17 per share, or $6.7 billion at the time of the bid, which is set to expire on Sunday. The company is also under pressure from activist shareholder Carl Icahn to find an offer higher than Oracle's bid.